Quick Answer
D-Wave Quantum Inc. reported R&D Expense of $50.73 million for fiscal year 2025.
D-Wave Quantum Inc. R&D Expense — Annual History
| Fiscal Year | R&D Expense | YoY Change |
|---|---|---|
| 2025 | $50.73M | +43.7% |
| 2024 | $35.30M | -6.8% |
| 2023 | $37.88M | +18.0% |
| 2022 | $32.10M | +26.4% |
| 2021 | $25.40M | +24.4% |
| 2020 | $20.41M | — |
Quarterly R&D Expense
| Quarter Ending | R&D Expense | YoY | QoQ |
|---|---|---|---|
| September 30, 2025 | $14.07M | +62.4% | +10.9% |
| June 30, 2025 | $12.69M | +51.9% | +23.4% |
| March 31, 2025 | $10.29M | +20.7% | +18.7% |
| September 30, 2024 | $8.67M | -8.4% | +3.7% |
| June 30, 2024 | $8.36M | -12.5% | -2.0% |
| March 31, 2024 | $8.53M | -21.9% | -9.9% |
| September 30, 2023 | $9.46M | +26.0% | -0.9% |
| June 30, 2023 | $9.55M | +28.1% | -12.5% |
- D-Wave Quantum Inc. showed an increase of +43.7% in R&D Expense compared to the prior fiscal year.
- Over the 2020–2025 period, D-Wave Quantum Inc.’s r&d expense has grown by 148.6% (from $20.41 million to $50.73 million).
- The most recent figure is from D-Wave Quantum Inc.’s fiscal year 2025 report (Form 10-K), filed with the SEC on February 26, 2026.
- All figures are sourced from SEC EDGAR XBRL filings, last verified June 17, 2026.
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